veDCAST & veDCASTLP

Locking mechanism

To take full advantage of the DSponsor protocol, users must commit their DCAST tokens according to the veTokenomics model. This approach involves locking DCAST tokens for a certain period of time or locking liquidity by exchanging DCAST tokens for USDC tokens (LP tokens from a specific Balancer pool, B-80DCAST-20USDC).

  • The locking period may not exceed 2 years (104 weeks). Tokens can be re-locked at any time for a longer period of time for better benefits.

  • Locking DCAST tokens results in the issuance of veDCAST tokens

    • 1 veDCAST is distributed for one week of locking a DCAST token

  • Locking B-DCAST-USDC tokens results in the issuance of veDCASTLP tokens

    • 1 veDCASTLP is distributed for one week of locking a LP token

  • The number of veTOKEN held decreases linearly as the lock period decreases.

Reward distribution

By staking DCAST (or B-DCAST-USDC) tokens, veDCAST (or veDCASTLP) holders receive a share of the revenue generated by the protocol. This monthly revenue share is tied to the veTOKEN balance recorded at the beginning of the month.

Rewards

Protocol governance

The veDCAST and veDCASTLP tokens confer decision-making power, giving community members a voice in strategic direction. This power is proportional to the number of veTOKENs held.

Governance

Future benefits

In addition to the current benefits, the locking of DCAST tokens will be used for future features to be integrated into the DCAST project.

Last updated